Brief: Audiovalley Acquires Minority Interests In Its Subsidiary Jamendo

Winamp SA

05/11/2019 17:10

Nov 5 (Reuters) - Audiovalley SA  ALAVY.PA :
    * ACQUIRES MINORITY INTERESTS IN ITS SUBSIDIARY JAMENDO
    * MINORITY INTERESTS WERE OWNED BY NONEMPLOYEE SHAREHOLDERS
ACCOUNTING FOR 28.84% OF THE TOTAL CAPITAL.
    * THE TRANSACTION WILL RAISE AUDIOVALLEY GROUP'S STAKE IN
JAMENDO
FROM 69.67% TO 98.51%
    * JAMENDO OWNS 1.49% OF ITS OWN CAPITAL.

Source text: https://bit.ly/2oOx2to
Further company coverage:  ALAVY.PA 

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